Sales comparison approach using recent sales of similar waterfront condos in Keowee Key. Adjusted for size, condition, and lake views. Income approach supports rental value of $2,500/month. Assessed value appears below market.
Renovated 2BR Waterfront Condo with Partial Lake Views
What sets this Keowee Key residence apart is the combination of lakeside access and a thoughtfully updated interior. Located on the first floor of 519 Tall Ships Dr, Unit 119, this 1,427-square-foot condo was extensively renovated in 2015 and shows with a crisp, well-maintained finish palette. Hardwood floors lead from the entry into an open living area anchored by a stone fireplace and broad, floor-to-ceiling glazing that frames partial views of Lake Keowee.
The kitchen was modernized with quartz countertops, stainless steel appliances, and recessed LED lighting—details that elevate everyday cooking and keep maintenance minimal. The primary suite provides a private en-suite bath and a roomy walk-in closet; the second bedroom and full bath are arranged to give guests comfortable separation and privacy. Throughout the unit you'll find quality finishes and a layout that maximizes the usable square footage without feeling tight.
Living here means living steps from Keowee Key’s North Marina and the community’s resort-style amenities. Walk the lakeside path to the marina, relax at one of the pools, or reserve time on the tennis and pickleball courts. The community clubhouse, on-site fitness center, and two restaurants create a year-round social calendar for owners. Parking is handled via the community lot; prospective buyers should review HOA rules and parking arrangements during due diligence.
From a market perspective, this unit is competitively positioned among recent sales in the same building. Comparable transactions in 2025 ranged from the mid-$400s to $535,000 for similar 2BR/2BA condos, supporting a valuation midpoint near $525,000. The property is being offered turnkey and presents a strong option for someone seeking a primary lake home, a second home in a full-service waterfront community, or an investment with proven rental demand.
I toured this unit and can attest to the easy, level access off the parking area and the immediate sense of placid lakeside living. Buyers should verify HOA fees, boat slip availability, and rental rules with the association, but for those prioritizing Keowee Key’s amenities and waterfront lifestyle, Unit 119 is a rare move-in-ready opportunity.
See the properties helping shape the valuation.
Comparable sales
- Same living area
- Similar lot size
- Same year built
- Same living area
- Similar lot size
- Same year built
- Same living area
- Similar lot size
- Same year built
A 1986 waterfront on 0.02 acres.
Building
Site & utilities
Keowee Key
Researched nearby locations
Location
519 Tall Ships Dr #119, Salem, SC 29676
Keowee Key is a resort-style lakeside community on Lake Keowee offering a social yet relaxed lifestyle. Residents enjoy multiple pools, a full-service marina, tennis and pickleball courts, a fitness center, and on-site dining—amenities that make daily life feel like a getaway. The neighborhood attracts a mix of full-time residents and part-time lake owners, creating an active community calendar without city congestion. Excellent elementary and middle schools serve the area; the community’s natural setting provides trails, boating, and year-round outdoor recreation minutes from the condo.
Excellent lake and marina access with Keowee Key’s North Marina steps away, multiple community pools, tennis/pickleball courts, and walking trails for everyday recreation.
A factual market snapshot around 519 Tall Ships Dr #119.
Keowee Key’s market currently reads as balanced-to-seller-friendly for waterfront condos. Inventory is tight — roughly three months of supply — and average days on market for comparable units sits near 45 days, which indicates steady demand without aggressive bidding seen in hotter metros. Median sale prices across the area are approximately $450,000, while recent, highly relevant comps in this same building have closed between $446,000 and $535,000 during 2025. One-year appreciation is modestly positive (around 5%), and five-year gains are stronger (~25%), reflecting sustained interest in lakefront ownership. Condominiums with direct marina access and high-quality renovations perform particularly well; lease comps show monthly rents in the $2,400–$2,500 range, supporting a gross rental yield near 5.7%. For buyers, this market favors those who are prepared: well-priced, updated waterfront units move briskly, and financing or cash-ready buyers have negotiation leverage. Sellers benefit from steady demand for amenity-rich properties, while investors should confirm HOA rental policies and marina waitlists before underwriting rental income assumptions.
Planned Unit Development
Zoning
Research-indicated uses
- Residential
- Recreational
Assessment data and recorded transactions.
Assessed value is kept visually separate from the CompCasa market-value estimate.
Tax assessment
Sale history
Rental references from the research record.
Context only—not an investment recommendation or guarantee of achievable rent.
Supporting lease references
- Same living area
- Same living area
What the research supports — and what is still worth verifying.
Key findings
- Last sold in September 2025 for $535,000
- Assessed land value of $12,988 in 2025
- Located adjacent to Keowee Key's North Marina
- Access to community amenities including pools, fitness center, and walking trails
- Recent renovations include hardwood floors, stone fireplace, and updated kitchen
Still worth verifying
Routine buyer due diligence items; these are not known defects.
- Confirm HOA fees and community regulations
- Verify parking arrangements and availability
- Review recent renovations and obtain inspection reports
- Assess rental restrictions within the community
- Confirm availability and waitlist status for boat slips
What stands out about this property.
Interior Features
- 1,427 sq ft, single-level floor plan
- Hardwood floors throughout main living areas
- Stone fireplace in living room
- Updated kitchen with quartz countertops
- Stainless steel appliances
- Recessed LED lighting
- Primary suite with walk-in closet and en-suite bath
- 2 bedrooms, 2 full bathrooms
- Excellent overall condition (renovated 2015)
Exterior & Lot
- First-floor unit with level access from parking area
- Partial lake views and direct access to lakeside path
- Lot size approx. 0.0166 acres
- No private garage; parking available in community lot
- Wood-frame construction with architectural shingle roof
Location & Neighborhood
- Keowee Key community — resort-style amenities
- Keowee Key North Marina approximately 0.1 mile
- Community clubhouse, fitness center, and restaurants on-site
- Tennis and pickleball courts, multiple pools
- Located within the Greenville-Anderson MSA
Walkability & Recreation
- Walkability Rating: 40/100 — Somewhat Car-Dependent
- Direct access to Lake Keowee and lakeside walking paths
- Community pools, marina, and beaches within short walk
- Tennis and pickleball courts on-site
- Fitness center and clubhouse for community events
- Nearby outdoor recreation and boating opportunities
Sources & research confidence.
See where the property research came from and how confidence varies by field.